Mortgage APR Calculator

The Mortgage APR calculator will help you to determine the annual percentage rate (APR) that you will be charged on your mortgage. This calculator will also help you to calculate your monthly mortgage payment, the total interest that you will pay on your mortgage, and the total amount your payments will add up to over the term of the mortgage.

Looking for more personalized rates? Compare rate quotes from lenders and brokers, then return to our Mortgage APR Calculator.

Mortgage APR Calculator
Total Home Loan Amount ($)
Annual Interest Rate (%)
Number of Points Paid
Term of the Loan (Years)
Application / Processing Fees ($)
Other Fees / Costs ($)
Calculator Results:
Total Mortgage Fees ($)
Monthly Payment ($ / Month)
Effective Monthly Payment ($ / Month)
Calculated APR (%)

More Information

When you obtain a mortgage you will hear the lender quote an interest rate and the APR. APR stands for the annual percentage rate, which is defined as an annualized cost of credit. This means that the APR is the rate that you will really be paying on your mortgage because this figure includes upfront costs such as points, closing costs, and prepaid interest. Mortgage lenders are required by law to disclose the APR to borrowers when quoting the interest rate. Because the APR includes other costs besides the actual amount of the mortgage, it is higher than the interest rate that is used to calculate the monthly mortgage payments.